Coupon cutter and counter.



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,La H. ARlow/v.l COUPON CUTTER AND COUNTER.

APPLICATION FILED DBG.14,41906. RENEWED MAR. 13, 1909.

Patented July 13, 1909.

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'WIWHHHIIIIIIIIHIIIHHIIHII INVENTOH lUNITED STATES PATENT OFFTOE.

ERNEST H. BARTOW, OF NEW YORK, N. Y.

COUPON CUTTER AND COUNTER.

Application filed December 14, 1906, Serial No. 347,850.

T 0 all whom it may concern:

Be it known that l, EnNEsT H. Banrow, a citizen of the United States, and a resident of the city of New York, borough of Manhattan, in the county and State of New York, have invented a new and lm roved Coupon Cutter and Counter, of whic the following is a full, clear, and exact description.

This invention relates to coupon cutters and counters and is particularly useful in connection with devices of this character intended for the severing of coupons from bonds and the like.

The object of the invention is to provide a simple, strong and durable coupon cutter and counter, which may be set to accommodate coupons of various sizes, and which is adapted to sever or shear the coupons rapidly and evenly.

A 'further object of the invention is to pro vide a device of this character having a visible dial, upon which is registered each coupon as the same is cut, and by means of 4which all the coupons may be gathered as cut, in a removable receptacle.

The invention consists in the construction and combination of parts to be more fully described hereinafter and then pointed out in the claims.

Reference is to be had to the accompanying drawings forming a part of this specification, in which- Figure 1 is a perspective view of my invention; Fig. 2 is a vertical cross section through the center of the device; Fig. 3 is a bottom view of a part of my invention, showing a detail; Fig. 4 is a vertical cross section of a part of the body of my device showing a detail; and Fig. 5 is a vertical cross section of a modified form of my invention.

Referring more articularly to the drawings, l provide a ox-lile frame or body 1 having sides and a bottom and being open at the top. Three of the sides near their upper edges are provided with lateral flanges 2 substantially at right angles to the sides, for a purpose which will appear hereinafter. A lid, or member 3, is mounted at the top of the body, fitting between the flanges 2 and being hinged at the top of the side not provided with a flange, by means of pins L1, extending from the member into suitable openings in the adjacent flanges. The side of the body opposite to the hinged end of the member 3, and corresponding to the front of the body, is provided with a rectangularV Specification of Letters Patent.

Patented July 13, 1909.

Renewed March 13, 1909. Serial No. 483,297.

opening through which is inserted a drawer or receptacle 5, fitting closely within the body, as appears most clearly in Fig. 2. The receptacle 5 is adapted to receive the coupons as they are cut off, and is provided with a handle 6 by means of which it may be drawn in and out of the body. The device is preferably formed of cast iron, or other suitable metal, and is provided at the inner edges of the body with cutting edges 7. The hinged member 3, which is also formed of suitable metal, and has similar cutting edges 8 and 82l at the three sides adjacent to the flanges of the sides of the body. When the hinged member is depressed and moves transversely across the cutting edges of the s'ides of the body, it constitutes with the same, shears which are adapted cleanly and rapidly to sever coupons and the like which are inserted between the edges in the conventional manner. The hinged member 3 is provided with a handle 9 by means of which it may easily be actuated. l provide leaf-springs 10 mounted by means of pins 11 inside of the body, and on the rear side of the same. The springs are curved inwardly and press upwardly against the hinged member 3, thus normally keeping the same in an open position and out of contact with the cutting edges of the body, as appears in Fig. 1, thereby obviating any delay in necessitating the opening of the box when it is desired to cut the coupons.

On the top of the member 3 is engraved, or otherwise suitably formed, a dial 12 having a plurality of graduations 13 and figures 14, corresponding to the graduations. The hand or pointer 15 is mounted on the dial and indicates the graduations. On the under side of the member 3 is a ratchet wheel 16 rigidly connected by means of a pin 17, with the hand 15. The wheel 16 is provided with a number of ratchet teeth 18 corresponding to the number of graduations on the dial. A rod 19 is mounted on the under side of the member 3 in suitable guide projections 20 having` openings 21, and has a pointed, laterally disposed extremity 22a in engagement with the ratchet wheel 16. A helical spring 22 mounted between a projection 20 and pin extensions on the rod 19 normally presses the rod away from the ratchet wheel, though not out of engagement with the same. The free end 24 of the rod is laterally disosed and is adapted to abut against the side ofthe body, when the member 3 is depressed.

Thus, at each downward movement of the member 3 the rod 19 is forced toward the ratchet wheel 16, thereby turning the same and correspondingly moving the pointer upon the dial. The ratchet wheel 16 is turned through an are corresponding to one ratchet tooth and consequently the pointer is advanced one graduation on the dial as each ratchet tooth corresponds to a graduation on the dial. When the member 3 is again released, it is forced open by the springs 10 and the spring 22 then returns the bar 19 toward the rear side of the body the end of the bar 19 slipping into engagement with the neXt adjacent tooth, the opening in the guide projections 20 being suiiiciently wide to per mit the necessary lateral movement of the bar. A small spring 25, mounted on the under side of the member 3, by means of a pin 26, presses the end 22aL of the bar 19 into normal engagement with the periphery o'l' the ratchet. A pawl 27, mounted upon the under side of the member 3 and pressed against the ratchet wheel 16 by a spring 2S, prevents the retrograde movement of the ratchet wheel. It will now be understood that the cou on is inserted between the cutting edges o` the device when the same is in o eration; the member 3 is then depressed, tiereby shearing off the coupon from the bond. The coupon falls into the receptacle 5 and the cutting of theV coupon is registered upon the dial 12. Thus it is possible to cut cou ons with great rapidity, to count them wit absolute accuracy as each one is cut, and to collect all the eut coupons in a receptacle where there is no danger of their being lost or injured. When the coupons have all been cut, it is merely necessary to withdraw the receptacle 5 from the body and to remove the coupons therefrom.

The flanges 2 of the sides of the body are provided with longitudinal slots 29 in which are mounted stops 30, having projections 31 in the slots 29. Curved springs 32 are secured by means of screws 33 to the projections 31 and engage with the under side of the flanges 2, thereby resiliently securing the stops upon the flange to permit their adjustment u on the same. These stops provide means or regulating the size of the shear or cut and may be set to coincide with the size of any particular coupon, thereby greatly facilitating the rapidity with which the device may be operated.

Fig. 5 represents a modified form of my invention which has no removable receptacle 5, and in which the member 3 is not hinged to the body, but has a central handle 34 rigidly secured at the center of the member and having an extension 35 through the same and into the body of the device. The extension 35 is mounted in a sleeve 36 rigidly secured to the body and is normally pressed upward by means of a spring 37 which holds the member 3 from engagement with the cutting edges of the body. The extension 35 has a transverse pin 38, located in slots 39 in the sleeve 36, and acts as a guide and a stop for the extension 35. The shearing action of the member 3 of the body is similar in the modiiied form to that of the first form and the device is also operated by pressing downward upon the handle 34.

The cutting edge 8a, opposite to the hinged side of the member 3, is iormed at an angle with the horizontal or with respect to the cutting edge 7 adjacent thereto. This is for the purpose of effecting a shearing cut between the edges S"L and 7 when the member 3 is depressed.

Having thus described my invention, I claim as new and desire to secure by Letters Patent:

1. A device of the class described, comprising a body having cutting edges at three sides thereof, a member hinged to said body and adapted to be moved transversely across said edges ol' said body to shear a coupon, a dial upon said member having graduations and a pointer, a wheel rigid with said pointer, and a rod slidably mounted upon said member and in engagement with said wheel, said wheel having teeth corresponding in number to the graduations oi' said dial, said rod engaging with said body when said member is depressed, whereby said wheel is rotated.

2. A device ol' the class described, comprising a body having cutting edges at three sides thereof and provided with lateral flanges at said edges, a member hinged to said body and adapted to be moved transversely across said edges ol' said body to shear a coupon, a dial upon said members having graduations and a pointer, a ratchet wheel rigid with said pointer, and a rod slidably mounted upon said member and in engagement with said ratchet wheel, said rod engaging with said body when said member is depressed, whereby said ratchet wheel is rotated.

3. A device of the class described comprising a body having cutting edges, a member hinged to said body and having cutting edges, said member being adapted to be moved transversely across said edges of said body to shear a coupon, a spring secured to said body and normally holding said member in an open position, a dial upon said member having graduations and a pointer, a ratchet wheel rigid with said pointer, and a slidable rod in engagement with said ratchet wheel and adapted to engage with said body when the same is depressed to rotate said ratchet wheel, a spring holding said rod normally against said body, and a pawl engaging with said ratchet wheel, said wheel having teeth corresponding in number to the graduations of said dial.

4. A device of the class described comprising a body having cutting edges at three sides thereof and provided with lateral flanges at said edges, said flanges having slots, adjustable stops resiliently mounted in said slots, a member hinged to said body and adapted to be moved transversely across said edges of said body to shear a coupon, a dial upon said member having graduations and a pointer, a ratchet wheel rigid with said pointer, and a rod in engagement with said ratchet wheel, said wheel having teeth corresponding in ynumber to the graduations of said dial, said rod engaging with said body when said member is depressed, whereby said ratchet wheel is rotated.

5. A device of the class described comprising a body having sides provided with lateral l'langes at the upper extremities thereof and having cutting edges, said flanges having longitudinal slots, a member hinged to said body and adapted to be moved transversely across said cutting edges to shear a coupon, said member having means actuated by the movement oil said member' to register each coupon as cut, and adjustable stops mounted in said slots to limit the insertion of the coupons between said edges and said member, said stops having springs adapted resiliently te engage the under sides oll said flanges.

6. A device ol' the class described, comprising a body having cutting edges, a meinber hinged to said body and having cutting edges, said member being adapted to be moved transversely across said edges of said body to shear a coupon, means for normally holding said member in an open position, a dial upon said member having graduations and a pointer, a ratchet wheel rigid with said pointer, and a rod in engagement with said ratchet wheel and having a spring normally pressing said rod away from said wheel, said wheel having teeth corresponding in number to the graduations of said dial, said rod engaging with said body when said member is depressed, whereby said ratchet wheel is rotated, said spring moving said rod into engagement with an adjacent tooth of said wheel when said member is released.

7. A device of the class described, comprising a body having sides provided with lateral flanges at the upper extremities thereof, said ilanges being provided with inner cutting edges and having longitudinal slots, a member hinged to said body and adapted to be moved transversely across said cutting edges to shear a coupon, said member having means actuated by the Inovement of said member to register each coupon as cut, and adjustable steps resiliently mounted in said slots to limit the insertion of the coupons between said edges and said member.

In testimony whereof I have signed my name te this specification in the presence of two subscribing witnesses.

ERNEST H. BARTOVV.

/Vitnesses I WILLIAM BENJAMIN Si-IEPPARD, THOMAS BENEDICT CLARKE, Jr. 

